Firms resume hiring, raise salaries amid costs increase

Graduates queue for job interviews. FILE PHOTO | NMG

Companies shrugged off biting cost pressures to resume hiring and marginally raise salaries in March to support sales and improve customer engagements, findings of a monthly private-sector survey suggest.

Stanbic Bank Kenya’s #ticker:SBIC Purchasing Managers Index (PMI) found overall employment in agriculture, manufacturing, construction, wholesale and retail, and services sectors grew at the fastest pace in four months.

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Note: The results are not exact but very close to the actual.